BML Increases Foreign Transaction Limit on Debit Cards up to USD 3,000

The Bank of Maldives (BML) has announced that starting tomorrow, the monthly limit for foreign transactions using BML debit cards will be increased to USD 1,000, with a separate allowance of up to USD 3,000 for specific overseas expenses.

According to the bank, the adjustment follows through on a commitment made earlier in September to ease restrictions on foreign spending. Under the new arrangement, BML debit cardholders will be able to make point-of-sale (POS) transactions abroad up to USD 1,000 per month. In addition, customers can access a separate USD 3,000 limit for payments related to airline tickets, hotel bookings, and medical expenses incurred at overseas hospitals.

The change comes as part of a phased revision to foreign spending limits that began earlier this year. In July, the monthly limit for purchases of foreign goods and services via BML debit cards was raised from USD 250 to USD 500, marking the first step toward broader access to international payments.

BML said the latest revision aims to enhance convenience for Maldivians who travel abroad or make international payments, while maintaining sound foreign exchange management. The move is also expected to support individuals and businesses relying on digital payments for travel, health, and professional services overseas.

With these adjustments, BML continues to strengthen its position as the country’s leading financial institution, enabling customers greater flexibility and reliability in managing cross-border transactions securely and efficiently.